Chang Family Foundation
EIN: 261924834 · Ann Arbor, MI · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $115K |
| Net Assets | $2.2M |
Is Chang Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chang Family Foundation
Chang Family Foundation (EIN: 261924834) is a nonprofit organization based in Ann Arbor, MI, classified under NTEE code T20. The organization reported total revenue of $1.4M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chang Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chang Family Foundation is a mid-size nonprofit that has been operating for 18 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $234K |
| Total Expenses | $115K |
| Surplus / Deficit | +$119K |
| Total Assets | $2.3M |
| Total Liabilities | $93K |
| Net Assets | $2.2M |
| Operating Margin | 50.8% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 239.6 months |
Financial Health Grade: A
In 2023, Chang Family Foundation reported a surplus of $119K with revenue exceeding expenses, holds 239.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Chang Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.0% | +13.0% | +9.1% |
| 2022 | -35.6% | +8.1% | +10.4% |
| 2021 | +29.0% | +15.2% | +12.8% |
| 2020 | +27.0% | +9.1% | +17.1% |
| 2019 | +13.0% | +133.2% | +61.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chang Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chang Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $119K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Frequently Asked Questions about Chang Family Foundation
Is Chang Family Foundation a legitimate charity?
Chang Family Foundation (EIN: 261924834) is a registered tax-exempt nonprofit based in Michigan. It has 11 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: A.
How does Chang Family Foundation spend its money?
Chang Family Foundation reported $1.4M in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chang Family Foundation tax-deductible?
Chang Family Foundation is registered as a tax-exempt nonprofit (EIN: 261924834). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chang Family Foundation located?
Chang Family Foundation is headquartered in Ann Arbor, Michigan and files with the IRS under EIN 261924834. It is classified under NTEE code T20.
How many years of IRS 990 filings does Chang Family Foundation have?
Chang Family Foundation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
Filing History
IRS 990 filing history for Chang Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Chang Family Foundation's revenue has grown by 130.4%, moving from $101K to $234K. Total assets increased by 517.1% over the same period, from $372K to $2.3M. Total functional expenses rose by 342.3%, from $26K to $115K. In its most recent filing year (2023), Chang Family Foundation reported a surplus of $119K, with revenue exceeding expenses. The organization holds $93K in liabilities against $2.3M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $234K | $115K | $2.3M | $93K | — | View 990 |
| 2022 | $239K | $102K | $2.1M | $1 | — | View 990 |
| 2021 | $371K | $94K | $1.9M | $70K | — | View 990 |
| 2020 | $287K | $82K | $1.7M | $41K | — | — |
| 2019 | $226K | $75K | $1.4M | $1 | — | View 990 |
| 2015 | $200K | $32K | $896K | $1 | — | View 990 |
| 2014 | $201K | $36K | $728K | $0 | — | View 990 |
| 2013 | $101K | $34K | $563K | $0 | — | View 990 |
| 2012 | $101K | $44K | $497K | $0 | — | View 990 |
| 2011 | $101K | $34K | $440K | $0 | — | View 990 |
| 2010 | $101K | $26K | $372K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $234K, expenses of $115K, and assets of $2.3M (revenue -2.0% year-over-year).
- 2022: Revenue of $239K, expenses of $102K, and assets of $2.1M (revenue -35.6% year-over-year).
- 2021: Revenue of $371K, expenses of $94K, and assets of $1.9M (revenue +29.0% year-over-year).
- 2020: Revenue of $287K, expenses of $82K, and assets of $1.7M (revenue +27.0% year-over-year).
- 2019: Revenue of $226K, expenses of $75K, and assets of $1.4M (revenue +13.0% year-over-year).
- 2015: Revenue of $200K, expenses of $32K, and assets of $896K (revenue -0.2% year-over-year).
- 2014: Revenue of $201K, expenses of $36K, and assets of $728K (revenue +99.8% year-over-year).
- 2013: Revenue of $101K, expenses of $34K, and assets of $563K (revenue -0.1% year-over-year).
- 2012: Revenue of $101K, expenses of $44K, and assets of $497K (revenue -0.5% year-over-year).
- 2011: Revenue of $101K, expenses of $34K, and assets of $440K (revenue -0.3% year-over-year).
- 2010: Revenue of $101K, expenses of $26K, and assets of $372K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chang Family Foundation:
Data Sources and Methodology
This transparency report for Chang Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.